It's time for a new thread with a quick rundown of GLA
SOI: 1,881,834,171
Market Cap: $3.76m @ $0.002
Cash: $161k (as per last quarterly)
EV: $3.6m
Marymia Gold Project, WALocated at the NE end of the ~50km long Plutonic Greenstone Belt, which hosts the world class Plutonic and Marymia gold mine centres some 45km and 10km to the SW respectively. Exploration was planned but due to Covid-19, it was halted. Now the exploration is being fast-tracked due to "promising results recently reported by adjacent companies".
In the vicinity of GLA are:
SFR.ax - $800m Market Cap (Degrussa Gold-Copper Mine)
VAN.ax - $75m (1 million oz Gold resource)
SGI.v - $78m (Plutonic Gold Mine)
A1M.ax - $17m (86g/t Au from sampling at 4G Hill,
[email protected]/t &
[email protected]/t at Marymia NE)
NWM.ax - $15m (94k oz Gold resource)
Rutherglen Gold Project and Bendoc Gold Project, VICGLA acquired these two projects in March 2020 and believes that they will complement its growing portfolio of gold assets within Australia. All projects offer near term drill targets that could generate new gold discoveries and ultimately declared resources. A non-compliant JORC resource was reported for Victoria Star (Bendoc) with potential to upgrade to resource status and complete additional drilling to identify deeper and high-grade shoots of mineralisation.
